BCC taking the crown.

[~Bitcoin~]

BCC team have enormous wealth ensuring price stability, development, infrastructure growth and security.

This also makes investing in BCC quite risky because greedy members of those team can easily dump their holding when price will pump hard. Bitcoincash was just created to centralize bitcoin which nobody wants.

[centralbanksequalsbombs]

I like this FUD. But I think it won't happen until November.

Sorry but the bitcoin network is unlikely to survive that long.

You are just as intriguing as Proudhon was. Is there someway one could "follow" or get notified upon activity of certain users on this forum?? Its like counter-signaling for elite holders.
....and some comical relief. because there are plenty on the forum posting with similar thoughts but are actually serious about what they post.

[phuclzu12]

BCC team have enormous wealth ensuring price stability, development, infrastructure growth and security.

This also makes investing in BCC quite risky because greedy members of those team can easily dump their holding when price will pump hard. Bitcoincash was just created to centralize bitcoin which nobody wants.

Well most holder Bitcoin are from China and they are people very easy take profit after their coin holding reach to highest price and forget it. So, be carefully with altcoin have most trader from China holding, as Antshare, Litecoin, Stellar ...

[ziploc+]

Even if I don't like the fact that BTC splitted...

The BTH/BCC will raise...

It will become the biggest alt...

I think it will maintain a minimum 10% value of BTC but might go higher

Many coins will never be claimed, it has BTC origins, huge diversification, solid blockchain and it's a somehow cheap opportunity to get in before BTC goes parabolic.

On the short term it will probably go down in value...but in the long term it will rise

[kwukduck]

Even if I don't like the fact that BTC splitted...

The BTH/BCC will raise...

It will become the biggest alt...

I think it will maintain a minimum 10% value of BTC but might go higher

Many coins will never be claimed, it has BTC origins, huge diversification, solid blockchain and it's a somehow cheap opportunity to get in before BTC goes parabolic.

On the short term it will probably go down in value...but in the long term it will rise

You Sir, make no sense whatsoever...

How does an investment in something cheaper per unit give a better investment at a continuous rate of 10%?
Math much?

[krizniq]

kwukduck likes BCC, that means we should really dump it... I was not sure if i'll do it, but now, pretty much decided

[kwukduck]

kwukduck likes BCC, that means we should really dump it... I was not sure if i'll do it, but now, pretty much decided

If you read satoshis whitepaper you would know the direction Bitcoin is going is not what he would have wanted, he only wanted to scale to bigger blocks over time, which is what BCC is doing, no fancy protocol changes to cripple the whole thing.
Devs worked so hard a few years ago to get rid of transaction malleability just to now reintroduce that attack vector again through SegWit... Sorry but if you don't see the bankster/blockstream scheme behind this you're just not paying attention.

[centralbanksequalsbombs]

kwukduck likes BCC, that means we should really dump it... I was not sure if i'll do it, but now, pretty much decided

If you read satoshis whitepaper you would know the direction Bitcoin is going is not what he would have wanted, he only wanted to scale to bigger blocks over time, which is what BCC is doing, no fancy protocol changes to cripple the whole thing.
Devs worked so hard a few years ago to get rid of transaction malleability just to now reintroduce that attack vector again through SegWit... Sorry but if you don't see the bankster/blockstream scheme behind this you're just not paying attention.

kwukduck=funniest guy ever. I love this guy. not much makes me chuckle anymore but this guy gives me a laugh. man....does anyone know how to follow or get notified when certain users post? I'd like to follow this guy.

[600watt]

I like this FUD. But I think it won't happen until November.

Sorry but the bitcoin network is unlikely to survive that long.

You are just as intriguing as Proudhon was. Is there someway one could "follow" or get notified upon activity of certain users on this forum?? Its like counter-signaling for elite holders.
....and some comical relief. because there are plenty on the forum posting with similar thoughts but are actually serious about what they post.

Proudhon had some style.  when I was noob he scared the shit out of me.

[ziploc+]

Even if I don't like the fact that BTC splitted...

The BTH/BCC will raise...

It will become the biggest alt...

I think it will maintain a minimum 10% value of BTC but might go higher

Many coins will never be claimed, it has BTC origins, huge diversification, solid blockchain and it's a somehow cheap opportunity to get in before BTC goes parabolic.

On the short term it will probably go down in value...but in the long term it will rise

You Sir, make no sense whatsoever...

How does an investment in something cheaper per unit give a better investment at a continuous rate of 10%?
Math much?

I will draw it for you..

10% ====> BTC 3K---BTH 300........BTC 10K----BTH 1K and so on...

Cheaper....for people who can't afford to purchase numerous thousands of $ in BTC...they can get in a cheaper price...

[Bancorholder]

we will know the answer at the next difficulty adjustment in 6 days.. BCC has fast difficulty reduction, if that kicks in and the difficulty goes down, miners will hop en masse while starving the btc chain. That is the moment of truth. Right now, everyone is just counting their future bitcoin earnings not thinking for a moment that value of their prized coin is about to be challenged in a serious way

And what is it going to change?

The price is determined at exchanges, while traders don't particularly care about how long it takes for transactions to confirm and how much people have to pay as fees. Even if half of all the miners all of a sudden switch to mining Bitcoin Cash will it help its price, and if it will, how exactly, i.e. by what means? The mining difficulty of all shit coins is next to nothing but that alone is certainly not enough to magically resurrect them and keep alive. Really, if no one is going to use BCC, what is the purpose of all that hashing power accumulated by miners that would amount to mining almost empty blocks?

Mining is a selfish business. The idea is that we will see some BTC miners migrate to mine BCC and then

*this is where my wild speculation happens*

Big Blockers suddenly leave BTC to mine BCC (which was always the plan). BTC at this point grinds to a halt because they can't adjust to the situation and because the remaining BTC miners cannot mine BTC at this point they will switch en mass to BCC. The result is chaos resulting in BCC going up in value, BTC going down because BTC holders will want to hedge their holdings by buying into BCC. You say nobody is going to use BCC but what I am saying is they *might* if the BTC network grinds to a halt for a prolonged period.

[figmentofmyass]

The price is very high compared to current mining power, this means miners have big incentive to switch to BCC instead of keeping their rigs pointed at the classic Bitcoin chain.

at a glance, that seems right. but it doesn't seem like difficulty has adjusted enough to actually make it profitable to mine at this point. Via's hash rate dropped from 75P to 25P in the last couple days, and blocks are being mined a bit slower (or maybe at the same rate). i haven't seen a major difficulty adjustment in days now.

has anyone run the numbers? is it profitable to mine at this point?

[krizniq]

kwukduck likes BCC, that means we should really dump it... I was not sure if i'll do it, but now, pretty much decided

If you read satoshis whitepaper you would know the direction Bitcoin is going is not what he would have wanted, he only wanted to scale to bigger blocks over time, which is what BCC is doing, no fancy protocol changes to cripple the whole thing.
Devs worked so hard a few years ago to get rid of transaction malleability just to now reintroduce that attack vector again through SegWit... Sorry but if you don't see the bankster/blockstream scheme behind this you're just not paying attention.

Right, thats why viabtc announced transaction malleability in bcc network just yesterday, rodger sir

[mharz]

BCC taking the crown? You sounds funny, maybe in your dreams you can take the crown but in reality you can never steal the crown of bitcoin because he is the only king of cryto currency world. Even the crown of ethereum as king of altcoins I think it was hard for BCC to steal.

[deisik]

we will know the answer at the next difficulty adjustment in 6 days.. BCC has fast difficulty reduction, if that kicks in and the difficulty goes down, miners will hop en masse while starving the btc chain. That is the moment of truth. Right now, everyone is just counting their future bitcoin earnings not thinking for a moment that value of their prized coin is about to be challenged in a serious way

And what is it going to change?

The price is determined at exchanges, while traders don't particularly care about how long it takes for transactions to confirm and how much people have to pay as fees. Even if half of all the miners all of a sudden switch to mining Bitcoin Cash will it help its price, and if it will, how exactly, i.e. by what means? The mining difficulty of all shit coins is next to nothing but that alone is certainly not enough to magically resurrect them and keep alive. Really, if no one is going to use BCC, what is the purpose of all that hashing power accumulated by miners that would amount to mining almost empty blocks?

Mining is a selfish business. The idea is that we will see some BTC miners migrate to mine BCC and then

*this is where my wild speculation happens*

Big Blockers suddenly leave BTC to mine BCC (which was always the plan). BTC at this point grinds to a halt because they can't adjust to the situation and because the remaining BTC miners cannot mine BTC at this point they will switch en mass to BCC. The result is chaos resulting in BCC going up in value, BTC going down because BTC holders will want to hedge their holdings by buying into BCC. You say nobody is going to use BCC but what I am saying is they *might* if the BTC network grinds to a halt for a prolonged period

This is not wild speculation

This is wet dreaming by any name. And you told it yourself that mining is a selfish business, i.e. aimed at earning profits before anything else. So why miners should drop the golden goose that genuine Bitcoin is and massively switch to something which would be giving them only losses? They won't switch to Bitcoin Cash until its price comes close to the price of Bitcoin, but this is not going to happen. I'd rather say that BCC is sooner going to kick the bucket than rise in value. The price dynamics are pretty dismal for Bitcoin Cash right now and its chances are not very encouraging overall

[roomfirst]

Everything that you explained is nothing if the price for each bitcoin cash is small like right now. People get used to a huge price on bitcoin and when people see the bitcoin cash, i'm sure people will leave it. The volume for Bitcoin cash is really big though like bitcoin volume, so maybe it takes a long time to make the bcc price stable.

[zarados]

I like this FUD. But I think it won't happen until November.

Sorry but the bitcoin network is unlikely to survive that long.

How could bitcoin network won't survive that long? Stated miners will left bitcoin network because bcash team have enormous wealth?
I really doubt about that.
Who are them? big Bitcoin investors and infrastructure. even miners who mining bcash just a few pool and mostly unknown https://cash.coin.dance/blocks
Well, many people still hold bcash expect for it rise again, and if you're right about bcash team and miners will support it, the outcome on November will be the same, people more likely to cash out this free money. I would like to cash out if bcash reach over $1000 again.
Waiting for your prediction.

Well, you mention many people still hold bcash and Im not one of them. I already cash out my bcash while at $500 price, if not bcause my exchange site problem, I would cash out when it reach $1k. I dont understand why most of people still holding a free airdrop while the price is high. I think sell it and buy more right now (when the price drop) is a better choice.

[kwukduck]

Everything that you explained is nothing if the price for each bitcoin cash is small like right now. People get used to a huge price on bitcoin and when people see the bitcoin cash, i'm sure people will leave it. The volume for Bitcoin cash is really big though like bitcoin volume, so maybe it takes a long time to make the bcc price stable.

The volume is really big like bitcoin? You're either nuts or lying...


BCC last 10 blocks, took 8 hours to confirm, in that time there were 3.483 transactions worth 61 million USD.
Bitcoin last 10 blocks took under 1.5 hours to confirm, in that time there were 15.438 transactions worth 428 million USD.
Now scale that up to the BCC timeframe and we see BCC has less than 2.7% of the economic traffic of Bitcoin.

[deisik]

Everything that you explained is nothing if the price for each bitcoin cash is small like right now. People get used to a huge price on bitcoin and when people see the bitcoin cash, i'm sure people will leave it. The volume for Bitcoin cash is really big though like bitcoin volume, so maybe it takes a long time to make the bcc price stable.

The volume is really big like bitcoin? You're either nuts or lying...


BCC last 10 blocks, took 8 hours to confirm, in that time there were 3.483 transactions worth 61 million USD.
Bitcoin last 10 blocks took under 1.5 hours to confirm, in that time there were 15.438 transactions worth 428 million USD.
Now scale that up to the BCC timeframe and we see BCC has less than 2.7% of the economic traffic of Bitcoin

So what's the point of this coin?

Your figures just show how pathetic this Bitcoin Cash is. If its economic power is only around 3% of Bitcoin's, then its current price of about 200 dollars per coin is still overhyped, and it has plenty of room where to collapse into. If we make simple calculations (I know they are not meaning anything in particular but still), we should see its price well below 100 dollars. And this is where this shit alt coin belongs, i.e. below 100 dollars per coin closer to the lower end of that range at that

[kwukduck]

Everything that you explained is nothing if the price for each bitcoin cash is small like right now. People get used to a huge price on bitcoin and when people see the bitcoin cash, i'm sure people will leave it. The volume for Bitcoin cash is really big though like bitcoin volume, so maybe it takes a long time to make the bcc price stable.

The volume is really big like bitcoin? You're either nuts or lying...


BCC last 10 blocks, took 8 hours to confirm, in that time there were 3.483 transactions worth 61 million USD.
Bitcoin last 10 blocks took under 1.5 hours to confirm, in that time there were 15.438 transactions worth 428 million USD.
Now scale that up to the BCC timeframe and we see BCC has less than 2.7% of the economic traffic of Bitcoin

So what's the point of this coin?

Your figures just show how pathetic this Bitcoin Cash is. If its economic power is only around 3% of Bitcoin's, then its current price of about 200 dollars per coin is still overhyped, and it has plenty of room where to collapse into. If we make simple calculations (I know they are not meaning anything in particular but still), we should see its price well below 100 dollars. And this is where this shit alt coin belongs, i.e. below 100 dollars per coin closer to the lower end of that range at that

It IS pathetic, that's not the point i was trying to make when i started the topic.

My points are:
BCC is true to Satoshis whitepaper. Giving people, specially early adopters that use it for its fundamentals rather than a tool to make more dollars, incentive to support it.
BCC will be incredibly easy to mine in about 5 days because of the difficulty adjustment. All miners now have big incentive to mine the BCC chain instead of Bitcoin, even at a lower value, this is incredibly profitable for a miner.
As a result of miners mining BCC en masse instead of staying on the Bitcoin chain, the Bitcoin network will stagnate, it will be extremely slow or just come to a halt.
Transactions are already not being included into blocks without ridiculous fees, imagine the fees when block times become worse than they are now for BCC.... We are looking at fees of hundreds if not thousands of dollars.

I'm sorry but if you really don't understand the danger BCC poses to Bitcoin you really don't understand economics or Bitcoin.
People are really getting fed up with the bankster/blockstream NWO agenda of Bitcoin and that will show sooner rather than later.
Remember we created Bitcoin to have an opportunity to get rid of those banksters, big corporations and governments influencing and controlling our finances.